Ann: Errawarra - Heavily Oversubscribed Placement Closed Early, page-16

Yeah not the greatest raise, but more common than uncommon at this end. Not a great market to raise in either, and heavily oversubscribed.

Bright side is that with 5m+ in the bank, its showtime. No sense sitting around with no money to explore.

Expect an announcement next week on drilling program or other activities. Tom will have pressure to get moving now.

In his words "to accelerate exploration".

With a ~4m EV, nickel targets identified, 14.4% TGC at surface very high grade Graphite (Bux), and lithium potential (i believe highly likely), risk vs reward is bloody good. Weve seen the 100% jumps regularly now just on nearology - imagine if we hit something. Worth the punt imo.

Few in the area have the same suite, and are at multiples to ERW MC.

I'm still buying.